container shipping

The European Commission on March 24 published a final rule extending its existing block exemption regulation that allows for vessel-sharing among ocean container carriers for another four years. The commission said its recent evaluation of the block exemption concluded that vessel-sharing among...

The impact on container shipping lines from the coronavirus pandemic could total about 17 million twenty-foot equivalent units (TEUs), according to Lars Jensen, CEO of Copenhagen-based SeaIntelligence Consulting. That amounts to about 10% of global volumes in a normal world, Jensen told wealth...

The U.S. Federal Maritime Commission, which is charged with ensuring fair competition in international container shipping, said it is closely monitoring the impacts of the coronavirus on the industry's health. On March 12, Commissioner Daniel Maffei said he was briefed by senior FMC staff on the ...

The Digital Container Shipping Association (DCSA) on Tuesday published a guide to help ocean carriers thwart cyberattacks. The Amsterdam-based nonprofit said the guide is designed to facilitate vessel readiness to comply with the International Maritime Organization (IMO) Resolution MSC.428(98) on...

Editor's note: The views expressed here are solely those of the author and not of FreightWaves or its affiliates. Container imports into the 10 largest U.S. ports dropped 4.1% in January, a reprieve from December's 12.5% decline and November's 6.5% decline. These recent downturns are driven by...

Online market Freightos will have its container freight indices overseen and distributed by the maritime industry's primary source for market pricing information, a big step toward allowing the 8-year-old company's freight indices to be used in financial contracts. The Baltic Exchange said it...

If you want to make money in container shipping, better to lease out mega-ships to the liner companies than to be a liner company operating those vessels, paying the fuel bills and catering to cargo customers. Container-ship lessor Costamare (NYSE: CMRE) is a case in point. On the quarterly...

A group representing the world's major container shipping lines released its first set of open standards that should make it easier to track and trace shipping boxes. Now it's hoping that beneficial cargo owners, forwarders, terminals and other stakeholders will adopt the new standards. The...

Container research firm Alphaliner said trade on the trans-Pacific dropped in 2019 for the first time in a decade, the victim of the ongoing U.S.-China trade war and shippers deciding not to move boxes ahead of implementation of the new marine fuel standards in 2020. The Paris-based researcher...

A group of American agriculture product shippers has developed draft service contract guidance that sets parameters for when ocean carriers can justify demurrage and detention charges for late pickup and delivery of containers at marine terminals. The action follows the U.S. Federal Maritime...

An increasing number of canceled sailings between Asia and the U.S. is tipping rates in the carriers' favor.  The upshot is that ocean carriers are taking advantage of some of the best rates in three months by deferring contract cargo in favor of spot freight as shippers try to book space ahead of...

Image by skeeze from Pixabay

The container shipping fleet will grow by 3.5% this year, according to the latest figures from Alphaliner. The box fleet is expected to grow from 23.23 million twenty-foot equivalent units (TEUs) at the beginning of 2020 to reach 24.05 million TEUs by the end of the year. The annual fleet growth...

Filing for duty drawback with U.S. Customs and Border Protection (CBP) remains one of the most complex and time-consuming processes for American shippers, but it has become easier during the past year as filers get more familiar with the agency's new requirements for filing claims electronically....

Within the container market segment in maritime trade logistics, there is polarity in the way containers are procured — with shippers either opting for carrier-owned containers (COCs) or shipper-owned containers (SOCs).  Choosing between an SOC and COC depends entirely on the shipper's needs. COCs...